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Retirement tax questions
OK that makes sense. My thought was that by filing Form 5329 with my 2017 Form 1040 that I was reporting that tax was due on the $5,500 shortfall of the 2017 RMD. But that's not what happened as Form 5329 is only used to request a waiver of the penalty and did not include the $5,500 in taxable income. Is my understanding correct?
‎June 1, 2019
11:25 AM